The High Notes

The cost of a misaligned leadership team rarely appears on a balance sheet, yet it may be the single largest drag on portfolio company performance. Alignment is a multiplier on every dollar of invested capital — a financial asset that can be measured, not a cultural nicety.

The cost of a misaligned leadership team rarely appears on a balance sheet, yet it may be the single largest drag on portfolio company performance in 2026. When co-founders spend months re-litigating strategy instead of executing, every dollar of deployed capital works harder for diminishing returns...